Foothill Ranch-based TAE Technologies, which is developing fusion energy for nearly limitless power supplies, said it has formed a new subsidiary, TAE Power Solutions.
Spun out from TAE Technologies, TAE Power Solutions intends to deliver a first-of-its-kind technology to fundamentally improve the reliability, efficiency, longevity, and affordability of electric-powered products, from vehicles to renewable energy storage.
The proprietary technology platform is derived from fusion research, and is a foundational step toward widespread use of electric vehicles and deployment of intermittent renewable energy as dispatchable power.
“TAE Power Solutions is the perfect alignment of talent, technology, and market resources to serve our growing power needs and realize TAE’s goal of creating a complete, clean energy ecosystem,” Michl Binderbauer, CEO of TAE Technologies, said in a statement.
For further details, see the Jan. 30 print edition.
